Published on 31 Jan 2025 on Benzinga
Stocks Trim DeepSeek Losses, Fed Holds Steady, Trump Slaps 25% Tariffs On...
It took only four sessions for the U.S. stock market to recover most of the losses triggered earlier in the week after the Chinese startup DeepSeek launched a more efficient and cost-effective AI platform than OpenAI‘sChatGPT, sparking a sharp selloff on Wall Street.
Investors began questioning the need to allocate capital to higher-cost AI-related companies, sending shares of top chipmakers and data centers into a tailspin.